My Favorite Commercial Real Estate Play Right Now
There is a chronic shortage of quality office space in Fortaleza, which I noted on my first trip to Brazil last year. Finally, I’ve found a deal where we can profit from this shortage.
By Ronan McMahon
There is a chronic shortage of quality office space in Fortaleza, which I noted on my first trip to Brazil last year. Finally, I’ve found a deal where we can profit from this shortage.
The right pre-construction condo deal gets me excited. I look for units with the prospect for capital appreciation and strong rental yields. Units that will work as short- or long-term rentals…units that will appeal to holiday makers, out of town executives, young professionals, or retirees.
If you have reserved one or more units here expect to get final pricing and instructions on how to proceed tomorrow (Wednesday). Pay attention to the instructions. We will have 15 days to wire a deposit (1% of the purchase price) and a further 45 days to close. We will lose our units if we miss the deadline.